What is Binance Coin?
Binance Coin was introduced on July 25, 2017, by the Binance exchange. Binance is a cryptocurrency exchange with headquarters based in Shanghai where you can exchange many of the most popular coins and tokens.
Binance tokens are used by the traders to reduce the transaction fees by 50%. They plan to transform the Binance exchange from centralization to decentralization and Binance coin will play a major role in that.
The company also sees the token exchange rate grow when the Binance exchange usage grows to make it a long-term investment. Binance Labs is a project which is focused on helping pro-ICOs problems.
Many of the Binance Coin trading pairs are being listed to the exchange.